In This Article
- BTC USD Forming Of A Rising Wedge And Build-Up Of Traders Shorting Could Lead To A Big Move On The BTC Chart
- What Could Tomorrow's FOMC Meeting Mean For The BTC Chart?
- Bullish Move Incoming For BTC USD Backed By A Leading Economist
- BONUS: Is BTC Bull (BTCBULL) The Best Play For Those Who Believe In Bitcoin Hitting $126,000 By June?
The BTC chart is forming a rising wedge pattern, and over $4bn in Bitcoin shorts are at threat of liquidation. A new ATH is edging closer according to top BTC USD analysts.
Analysts expect Bitcoin to hit new all-time highs by June 2025. However, a rising wedge pattern on the BTC chart suggests it could be even sooner.
The rising wedge for BTC is nearing breaking point, and if it breaks out, a huge surge to the upside is likely on the cards. However, a rejection could lead to further downside for the leading cryptocurrency.
BTC USD Forming Of A Rising Wedge And Build-Up Of Traders Shorting Could Lead To A Big Move On The BTC Chart
Bitcoin has dropped 30% after hitting fresh highs in mid-January. Although scary, the extent of the pullback is relatively normal for bull market corrections. Previous bull markets have seen Bitcoin drop to 55% before making new all-time highs.
The rising wedge on the BTC chart and the build-up of open interest due to investors shorting Bitcoin in droves could lead to a violent move to the upside. If a short squeeze occurs, around $4 billion in BTC shorts are at risk of liquidation.
If Bitcoin breaks out of this rising wedge and spikes back toward $90,000, most of those $4 billion short positions will get wrecked. The funding reset that comes with such huge liquidations could further fuel BTC’s pushback toward $100,000 and beyond.
Currently, BTC is trading at roughly $83,500, with no significant price moves in the last few hours. The market anxiously awaits America’s reaction before a big FOMC meeting tomorrow.
🚨 $4B in #Bitcoin short positions at risk!
With $BTC at $84,272, a move to $90K could trigger massive liquidations, squeezing shorts out of the market. The higher we climb, the more fuel for the fire. 🔥
Brace for volatility! 🚀 #Crypto #BTC pic.twitter.com/0PaYuVyB8S
— Kanye.eth (@Kanyenfluence) March 17, 2025
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What Could Tomorrow’s FOMC Meeting Mean For The BTC Chart?
With the US economy filled with uncertainty during the early days of President Trump’s second term, the Federal Reserve is expected to keep its key interest rate unchanged at 4.25%- 4.5% during tomorrow’s and Wednesday’s policy meetings.
For March, the Fed seems to be adopting a cautious, wait-and-see approach. This decision follows a recent rate pause after previous cuts, with officials hinting at limited guidance on future moves, leaving the markets feeling uncertain.
If interest rates are left unchanged for March, this could allow the BTC chart and the wider crypto market some breathing room to gain some momentum.
This is especially likely when considering that the prediction platform Polymarket has priced in a 100% chance that rates will be cut during May’s FOMC meetings.
Once the uncertainty of this week’s Federal Reserve meetings is over, the market will have an idea of how the next few months are likely to play out.
If Bitcoin surges toward $90,000 and those $4 billion in shorts are liquidated, it could provide the perfect catalyst for a huge upside move between now and the May 7-8 FOMC meetings.
Polymarket is pricing in a 100% chance that the Fed ends QT before May.
If Powell even whispers “QE” at the next FOMC, markets will move fast.
But knowing Powell, he’ll keep it as vague as possible. pic.twitter.com/S46hkka2tj
— Kyledoops (@kyledoops) March 15, 2025
Bullish Move Incoming For BTC USD Backed By A Leading Economist
Per economist Timothy Peterson, who goes by @nsquaredvalue on X, Bitcoin usually experiences its biggest seasonal BTC USD gains between April and October.
In a post made this past weekend, Peterson states that the average time BTC spends below trend is four months. He accompanies the tweet with a chart showing that if the trend holds as it has on three separate occasions, dating back to 2015-2017, Bitcoin would be $126,000 on June 1.
In addition to Peterson’s June 1 trend prediction, his “Lowest Price Forward” model, which estimates a price level that Bitcoin is unlikely to drop below in future trading, indicates that the price floor for BTC has now risen to $69,000.
The model shows a 95% chance of Bitcoin holding above this new $69,000 floor. He also backs up the previously mentioned sentiment that past bull markets have shown that corrections like Bitcoin’s recent 30% pullback often precede strong rebounds.
Bitcoin average time below trend = 4 months.
The red dotted trend line = $126,000 on June 1. pic.twitter.com/rp9IZhY8Tg— Timothy Peterson (@nsquaredvalue) March 15, 2025
BONUS: Is BTC Bull (BTCBULL) The Best Play For Those Who Believe In Bitcoin Hitting $126,000 By June?
Is the BTC Bull (BTCBULL) token the perfect beta play for Timothy Peterson’s June 1st $126k Bitcoin price prediction?
With Peterson and many other analysts calling for BTC to return to six figures and beyond in the next few months, smart investors have highlighted the Bitcoin airdrops from BTC Bull as the smart play.
Renewed bullish sentiment for BTC has resulted in the BTCBULL presale seeing $100,000 daily inflows over the weekend. As a result, it has just passed the $3.7 million mark, well on its way to $4m and beyond.
The BTC Bull project is a niche one, standing as both a meme coin that also appeals to the Bitcoin maxi crowd. By offering BTC airdrops and tokens burns for each significant Bitcoin price milestone, BTCBULL is an ideal beta play for those looking for maximum Bitcoin exposure.
The first target set by the BTC Bull team for its native Bitcoin airdrops is set at $150,000. Once $150k is hit, BTCBULL holders will receive BTC airdrop rewards weighted according to their token holdings. Each BTC airdrop will occur at each $50,000 interval from $150k, meaning the next will be at $200k, $250k and so on.
With the weighted rewards meaning that the more BTCBULL one holds, the bigger the BTC airdrop, smart investors have been scooping up big bags of BTCBULL during the presale phase. Once it hits the open market and potentially one or two CEX’s, BTCBULL will likely be trading at much higher prices.
The token also features a burning mechanism that reduces supply with each $50,000 milestone starting at $125,000, lining up perfectly with Timothy Peterson’s $126k by June target.
Stay connected with the BTC Bull Token community on X and Telegram for the latest updates.
Visit the BTC Bull Token Website to Learn More
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Bitcoin could be close to breaking out with a new all-time high by June
- A rising wedge is forming on the BTC chart, and if it breaks out, a violent surge to the upside is likely
- Over $4b in BTC shorts are at threat of liquidation if Bitcoin climbs back to $90k
- Economist Tim Peterson calls for $126k BTC by June 1 due to historical trend-line patterns
- BTC Bull (BTCBULL) presale sees a surge in funding as investors are securing their slice of upcoming BTC airdrops
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In This Article
- BTC USD Forming Of A Rising Wedge And Build-Up Of Traders Shorting Could Lead To A Big Move On The BTC Chart
- What Could Tomorrow's FOMC Meeting Mean For The BTC Chart?
- Bullish Move Incoming For BTC USD Backed By A Leading Economist
- BONUS: Is BTC Bull (BTCBULL) The Best Play For Those Who Believe In Bitcoin Hitting $126,000 By June?
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